It's been about a year since Jack Dorsey returned to Twitter and Dick Costolo took over as the company's CEO.
The two took over in the midst of a debate on whether Twitter could actually ever make money or whether the company had a business model at all.
Now online intel firm eMarketer tells Venturebeat that it projects that the San Francisco-based startups revenue will jump to $259.9 million in 2012, up from $139.5 million last year.
And while the numbers pale in comparison to what Facebook's revenues are at, most analysts never expected Twitter to compete against the Menlo Park-based social-networking company.
Twitter is not expected to break $1 billion in revenue until 2016. A number Facebook has already surpassed.
Twitter makes most of its revenue off of ads, including promoted tweets, where companies can purchase the ability to send a tweet to people who do not necessarily follow them.
The company also makes some revenue by giving access to its API.